AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.049%

Price spread now: Coinbase International against Lighter+0.197%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.197%, 7d avg −0.054%

Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.251% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.50	0.0312	pay 0.0039% / 1h	33m 26s	$4.5M	$2.4M	10x
Short	Coinbase International AAVE-PERP-INTX	142.78	0.0376	get 0.0047% / 1h	33m 26s	$774K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.197%Rate

Funding earned: $13.44
Price spread: +0.197% → −0.054%: $25.08
Slippage, 4 orders: −$24.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.35
Costs to cover: 0.342%
Break-even: 4.7 days

Slippage from Lighter: live order book, 4 min ago; Coinbase International: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	2.73 bp	4.9 bp −$5	15.6 bp −$156	46.4 bp −$4,639	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.81 bp	9.8 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.2629%	1h	142.00	−0.350%	$216K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.30	−0.136%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.48	−0.013%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	−0.123%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0015%	1h	142.25	−0.171%	$828K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.887%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.28	−0.155%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	142.40	−0.069%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0077%	8h	142.39	−0.076%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.39	−0.076%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.25	−0.176%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.41	−0.066%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.34	−0.112%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.32	−0.124%	$63.5M	$189.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.31	−0.133%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.31	−0.133%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.52	+0.015%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.017%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.30	−0.140%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.32	−0.126%	$25.2M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.33	−0.119%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.35	−0.105%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.29	−0.147%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	+0.199%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.11	+0.429%	$106K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+0.155%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.17	+0.471%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.40	−0.069%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.49	−0.005%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.38	−0.084%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.225%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.29	−0.149%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.41	−0.063%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0113%	1h	142.46	−0.027%	$77.9M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.246%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0146%	1h	142.49	−0.006%	$334K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.49	−0.007%	$188K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.22	+0.506%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.48	−0.012%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.32	−0.127%	$111K	—	100x	as long as short
Lighter AAVElong	+0.0312%	1h	142.50	long leg	$4.5M	$2.4M	10x
Coinbase International AAVE-PERP-INTXshort	+0.0376%	1h	142.78	+0.197%	$774K	$2.8M	50x